FOCUS 10 | JNA January/February 2023 Industry stakeholders are banking on continued improvements in global businesses and consumption sentiment to fuel jewellery and gemstone sales in 2023. With China – an influential jewellery and gemstone market – gradually reopening, demand could further strengthen by the second quarter of the year amid ongoing headwinds in the US and Europe, revealed diamond and coloured gemstone suppliers. Jewellers welcome China’s lifting of strict lockdown and quarantine regulations in early December 2022 as it exits its strict zero-Covid policy. Hong Kong, meanwhile, further eased restrictions on arrivals, ending its “0+3” medical surveillance regime. There is also growth to be had in the high-end gemstone and jewellery segment, driven by affluent consumers whose purchasing power remains impervious to market-moving challenges. The rarer the gem, the more coveted it will be among big-ticket buyers, according to gemstone dealers. Retailers have high expectations, too, with major jewellers anticipating a steady turnaround in consumption and economic activity. The sector also stands to benefit from the market’s growing desire to celebrate occasions and experiences with jewellery and from the rise in prominence of a younger generation of financially independent and discerning clientele. The year 2023 will also mark further developments in digitalisation and sustainability as companies update their business strategies to progressively incorporate these movements in their day-to-day activities. Jewellery collections, meanwhile, are expected to mirror evolving 珠宝行业：在2023年的 不确定因素下保持乐观 Optimism amid uncertainties in 2023 Jewellery trade: Jewellery and gemstone traders are confident of a meaningful and sustainable market reopening in 2023, driven by buyers’ strong affinity for jewellery in the face of ongoing geopolitical and economic instability. 在买家对珠宝有强烈渴求的推动下，纵使迎向持续的地 缘政治和经济不稳定因素，珠宝和宝石贸易商对市场在2023年有意义和可持续地重开保持信心。 | Bernardette Sto. Domingo 杜明高 |
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